JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY

ANANTAPUR, ANANTAPURAMU-515002

SCHOOL OF MANAGEMENT STUDIES

A STUDY ON RISK & RETURN OF SELECTED STOCKS AT

ANGEL ONE, ANANTAPUR

UNDER THE GUIDENCE OF Submitted by

Dr P. Sravan Kumar D. Krishna Karthik
M.B.A., Ph.,d (210A1E0331)
Assistant Professor (A)
 Introduction

 Equity, typically referred to as shareholders' equity (or owners'

equity for privately held companies), represents the amount of
money that would be returned to a company's shareholders if
all of the assets were liquidated and all of the company's debt
was paid off in the case of liquidation. In the case of
acquisition, it is the value of company sales minus any
liabilities owed by the company not transferred with the sale.
 Introduction
 The stock market is where investors buy and sell shares of
companies. It's a set of exchanges where companies issue
shares and other securities for trading. It also includes over-
the-counter (OTC) marketplaces where investors trade
securities directly with each other (rather than through an
exchange) .

 In the financial world, risk refers to the chance that an

investment's actual return will differ from what is expected the
possibility that an investment won't do as well as you'd like, or
that you'll end up losing money .
 Introduction
 A return is the change in price of an asset, investment, or
project over time, which may be represented in terms of price
change or percentage change. A positive return represents a
profit, while a negative return marks a loss.
 Definitions
 Equity consists of funds that shareholders invest in a company
plus a certain amount of profit earned by them that is retained
by the company for further growth and expansion. Equity is a
primary asset class when it comes to investing and
diversifying one’s portfolio .

 The stock market is a constellation of marketplaces where

securities like stocks and bonds are bought and sold. Stock
markets provide you with easy, transparent access to
investment assets, and they help professional investors
determine fair prices for public companies.
 Company Profile

Name of The Company : Angel One

Industry : Financial Services
Founded on : August 8th 1996
Founder : Dinesh D. Thakkar
Head quarters : Mumbai
CEO of the Company : Narayan Gangadhar
Total Assests : Rs 21,592.05 million
Operating Income : Rs 7,105.18 million
Net Income : Rs 866.24 million
 Industry Profile
 The financial services sector in India, which accounts for 6 percent
of the nation’s GDP, is growing rapidly. Although the sector consists
of commercial banks, development finance institutions, nonbanking
financial companies, insurance companies, cooperatives, mutual
funds, and the new “payment banks,” it is dominated by banks,
which holds over 60 percent share.

 The Reserve Bank of India (RBI) is the apex bank of the country,
controlling all activities in the financial sector. Commercial banks
include public sector and private sector banks and are under the
regulatory supervision of the RBI. Development finance institutions
include industrial and agriculture banks.
 Industry Profile

 The financial services also consists of the following services

such as
a. Banking Services
b. Investment services
c. Insurance Services
d. Tax & Accounting Services
 Need Of The Study

The main need of study on equity risk and returns of the selected
stock is to present the best investment plans to the individuals as
per their income, budget and also ability to undertake the risk also
to minimize the risk. As a result it enhances the probability of the
profit.
 It also helps in evaluating the performance based on ranking of
the stocks and to find out the relation between two stocks so as to
provide the required advice to the investors as per their need .
 Scope of the Study

The scope of study on Equity Risk & Return of Selected Stocks is

to monitor the performance of the stocks by incorporating the
latest market conditions.

Also to help the investors in achieving their long term financial

goals and also to manage their need of liquidity and also the risk
tolerance
 Objectives

 To calculate the Risk and Return of the selected stocks.

 To evaluate the performance of the selected stocks.
 To find out the relation between two stocks by using
correlation and co variance methods.
 Research Methodology

Source Of Data :
 The data for doing the research on Equity Risk & Return of
selected stocks is based on secondary sources.
Secondary Data :
 The secondary data is collected from the angel one company
previous years financial data from the year 2018 to 2022 .
 Tools & Techniques

 Mean
 Correlation
 Standard Deviation

Software :
 Ms Excel
 Limitation of Study

 This Study is limited to only five selected stocks from Nifty

50
 Data was collected from 2018 to 2022 only
 DATA ANALYSIS
&
INTERPRETATION
CALCULATION OF RISK & RETURN OF TCS COMPANY :

S No Years Open Close Returns Avg Returns (X-X) (X-X)^2

1 2018 1420 1766 24.36 9.79 14.57 212.2849

2 2019 1995 2001 0.3 9.79 -9.49 90.0601

3 2020 1825 2014 10.35 9.79 0.56 0.3136

4 2021 2926 3177 8.57 9.79 -1.22 1.4884

5 2022 3748 3546 5.38 9.79 -4.41 19.4481

48.96 323.595
 Formulas & Calculations
 Average Returns = (Total of the Returns)/(No of Years)
= 48.96/5
= 9.79

 Variance (V) = 323.5951/5

= 64.71

 Standard Deviation = sqrt (Variance)

= sqrt (64.71)
= 8.04
 Interpretation

The above table of TCS Company it shows that average

return is 9.79 Native, where as variance is 64.71 and Standard
Deviation is 8.04
CALCULATION OF RISK & RETURN OF APOLLO
HOSPITAL :

S no Years Open Close Returns Average Returns (X-X) (X-X)^2

1 2018 1066 1091 2.34 7.89 -5.55 30.8025

2 2019 1140 1227 7.63 7.89 -0.26 0.0676

3 2020 1136 1394 22.7 7.89 14.81 219.3361

4 2021 3039 2902 4.5 7.89 -3.39 11.4921

5 2022 4558 4454 2.28 7.89 -5.61 31.4721

39.45 293.1704
 Formulas & Calculations
 Average Returns = (Total of the Returns)/(No of Years)
= 39.45/5
= 7.89

 Variance (V) = 293.1704/5

= 58.63

 Standard Deviation = sqrt(Variance)

= sqrt(58.63)
= 7.65
 Interpretation

• The above table of APOLLO HOSPITAL it shows that

average return is 7.89 Native, where as variance 58.63 and
Standard Deviation is 7.65
CALCULATION OF RISK & RETURN OF ICICI BANK :

Sno Years Open Close Returns Average Returns (X-X) (X-X)^2

1 2018 273 284 4.02 8.67 -4.65 21.6225

2 2019 352 400 13.63 8.67 4.96 24.6016

3 2020 319 380 19.12 8.67 10.45 109.2025

4 2021 607 582 4.11 8.67 -4.56 20.7936

5 2022 725 743 2.48 8.67 -6.19 38.3161

43.36 214.5363
 Formulas & Calculations
• Average Returns = (Total returns) / (no. of years)
= 43.36/5
= 8.67

• Variance(V) = 214.5363/5
= 42.90

• Standard deviation (SD) = √variance

= √42.90
= 6.55
 Interpretation

• The above table of ICICI BANK it shows that average return

is 8.67 Native, where as variance is 42.90 and Standard
Derivation is 6.55
CALCULATION OF RISK & RETURN OF MARUTI SUZUKI
COMPANY :

Sno Years Open Close Returns Average Returns X-X (X-X)^2

1 2018 8990 8814 1.95 4.47 -2.52 6.3504

2 2019 6876 6672 2.96 4.47 -1.51 2.2801

3 2020 4290 4001 6.73 4.47 2.26 5.1076

4 2021 6977 6859 1.69 4.47 -2.78 7.7284

5 2022 8314 7561 9.05 4.47 4.58 20.9764

22.38 42.4429
 Formulas & Calculations
• Average Returns = (Total returns) / (no. of years)
= 22.38/5
= 4.47

• Variance(V) = 42.4429/5
= 8.48

• Standard deviation (SD) = √variance

= √8.48
= 2.91
 Interpretation

• The above table of MARUTI SUZUKI it shows that average

returns is 4.47 Native, where as variance is 8.48 and Standard
Derivation is 2.91
CALCULATION OF RISK & RETURN OF RELIANCE
COMPANY :

Sno Years open Close Returns Average Returns X-X (X-X)^2

1 2018 884 954 7.91 11.94 -4.03 16.2409

2 2019 1225 1350 10.2 11.94 -1.74 3.0276

3 2020 1111 1452 30.69 11.94 18.75 351.5625

4 2021 2110 2003 5.07 11.94 -6.87 47.1969

5 2022 2636 2790 5.84 11.94 -6.1 37.21

59.71 455.2379
 Formulas & Calculations
 Average Returns = (Total returns) / (no. of years)
= 59.71/5
= 11.94

 Variance(V) = 455.2379/5
= 91.04

 Standard deviation (SD) = √variance

= √91.04
= 9.54
 Interpretation

• The above table of RELIANCE COMPANY it shows that

average returns is 11.94 Native, where as variance is 91.04 and
Standard Derivation is 9.54
AVERAGE RETURNS :

NAME OF THE COMPANY AVERAGE RETURNS

TCS 9.79

APOLLO HOSPITAL 7.89

ICICI BANK 8.67

MARUTI 4.47

RELIANCE 11.94
 GRAPHICAL REPRESENTATION OF AVERAGE
RETURNS
14

12

10

Series1
6

0
TCS APOLLO HOSPITAL ICICI BANK MARUTI RELIANCE
 Interpretation

• Based on the above data average returns of securities

RELIANCE COMPANY is earning highest returns (11.94) and
MARUTI SUZUKI is earning lowest returns (4.47) Whereas
other securities are earning medium range of returns
STANDARD DEVIATION :

NAME OF THE COMPANY STANDARD DEVIATION

TCS 8.04

APOLLO HOSPITAL 7.65

ICICI BANK 6.55

MARUTI 2.91

RELIANCE 9.54
 GRAPHICAL REPRESENTATION OF STANDARD
DEVIATION OF ALL COMPANIES

STANDARD DEVIATION
12

10

STANDARD DEVIATION
6

0
TCS APOLLO HOSPITAL ICICI BANK MARUTI RELIANCE
 Interpretation

 Based on the above calculations standard deviation of

RELIANCE COMPANY is highest (9.55) and MARUTI
SUZUKI is lowest (2.91) . Whereas other securities are having
medium standard deviation.
GRAPHICAL REPRESENTATION OF RISK AND
RETURN OF ALL COMPANIES :

NAME OF THE COMPANY AVERAGE RETURNS STANDARD DEVIATION

TCS 9.79 8.04

APOLLO HOSPITAL 7.89 7.65

ICICI BANK 8.67 6.55

MARUTI 4.47 2.91

RELIANCE 11.94 9.54

 GRAPHICAL REPRESENTATION OF RISK AND RETURN
OF ALL COMPANIES :

14

12

10

AVERAGE RETURNS
STANDARD DEVIATION
6

0
TCS APOLLO HOSPITAL ICICI BANK MARUTI RELIANCE
 Interpretation

 From the above graphical representation of both risk and

return of all companies we can conclude that RELIANCE is
generating more returns (11.94) .

 From the above graphical representation of both risk and

returns of all we can conclude that MARUTI is generating
less risk (2.91)
RANKING FOR THE RETURNS GENERATED BY THE
STOCKS :

NAME OF THE COMPANY AVERAGE RETURNS RANKING OF THE STOCKS AS PER THEIR RETURNS

TCS 9.79 2

APOLLO HOSPITAL 7.89 4

ICICI BANK 8.67 3

MARUTI 4.47 5

RELIANCE 11.94 1
GRAPHICAL REPRESENTATION OF RANKING OF
RETURNS GENERATED BY THE STOCKS :
14

12

10

0
TCS APOLLO HOSPITAL ICICI BANK MARUTI RELIANCE
AVERAGE RETURNS
RANKING OF THE STOCKS AS PER THEIR RETURNS
 Interpretation
 From the above graphical representation for the returns
generated by all the stocks individually we can come to an
conclusion that Reliance Company is ranking the First rank
where as the Maruti Suzuki is ranking the Last rank.
RANKING FOR THE RISK GENERATED BY THE STOCKS
INDIVIDUALLY :

NAME OF THE COMPANY STANDARD DEVIATION RANKING FOR THE RISK GENERATED BY THE STOCKS

TCS 8.04 2

APOLLO HOSPITAL 7.65 3

ICICI BANK 6.55 4

MARUTI 2.91 5

RELIANCE 9.54 1
GRAPHICAL REPRESENTATION OF RANKING OF THE
RISK GENERATED BY THE STOCKS INDIVIDUALLY :

12

10

STANDARD DEVIATION
6
RANKING FOR THE RISK GENERATED BY THE
STOCKS

0
TCS APOLLO HOSPITAL ICICI BANK MARUTI RELIANCE
 Interpretation
 From the above graphical representation of the ranking of the
risk generated by all stocks individually we can conclude that
Reliance Company is ranking first and Maruti Suzuki is
ranking last .
CALCULATION OF CORRELATION
&
COVARIANCE
 Correlation And Covariance Of TCS & APOLLO
HOSPITAL

Sno Returns (x) Avg Returns (X) Returns (y) Average Returns(Y) (x-X) (y-Y) (x-X)*(y-Y)

1 24.36 9.79 6.74 7.02 14.57 -0.28 -4.0796

2 0.3 9.79 7.33 7.02 -9.49 0.31 -2.9419

3 10.35 9.79 4.84 7.02 0.56 -2.18 -1.2208

4 8.57 9.79 9.85 7.02 -1.22 2.83 -3.4526

5 5.38 9.79 6.36 7.02 -4.41 -0.66 2.9106

-8.7843
 Formulas And Calculations
 Co Variance (AB) =

= -8.7843/5
= -1.756
 Correlation Co Efficient (AB) =

= -1.756/ (8.04) (7.65)

= -0.028
 Interpretation

• The above table OF TCS & APOLLO HOSPITALS it that shows

that co-variance is 0.30 and correlation co-efficient is 0.219
 CORRELATION & COVARIANCE OF TCS & ICICI BANK :

Sno Returns (x) Avg Returns (X) Returns (y) Average Returns(Y) (x-X) (y-Y) (x-X)*(y-Y)

1 24.36 9.79 4.02 8.67 14.57 -4.65 -67.7505

2 0.3 9.79 13.63 8.67 -9.49 4.96 -47.0704

3 10.35 9.79 19.12 8.67 0.56 10.45 5.852

4 8.57 9.79 4.11 8.67 -1.22 -4.56 5.5632

5 5.38 9.79 2.48 8.67 -4.41 -6.19 27.2979

-76.1078
 Formulas & Calculations
 Co Variance of AB =

= -76. 1078/5
= -15.22

 Correlation Co Efficient of AB =

= -15.22/(8.04)(6.55)
= -12.39
 Interpretation

 From the above calculation of calculation of correlation

coefficient and covariance of TCS & ICICI BANK the
covariance is -15.22 and correlation coefficient is -12.39 .
 CORRELATION & COVARIANCE OF TCS & RELIANCE
COMPANY :

S no Returns (x) Average Returns (X) Returns (y) Average Returns (Y) (x-X) (y-Y) (x-X)*(y-Y)

1 24.36 9.79 7.91 11.94 14.57 -4.03 -58.7171

2 0.3 9.79 10.2 11.94 -9.49 -1.74 16.5126

3 10.35 9.79 30.69 11.94 0.56 18.75 10.5

4 8.57 9.79 5.07 11.94 -1.22 -6.87 8.3814

5 5.38 9.79 5.84 11.94 -4.41 -6.1 26.901

3.5779
 Formulas & Calculations
 Co Variance Of AB =
= 3.5779/5
= 0.71

 Co relation Co efficient of AB =
= 0.71/(8.04)(9.54)
= 0.00
 Interpretation

 From the above calculation of covariance and correlation

coefficient of AB from the company TCS & RELIANCE the
covariance of AB 0.71 and correlation coefficient of AB is
0.00
 CORRELATION & COVARIANCE OF TCS & MARUTI
SUZUKI :

S no Returns (x) Average Returns(X) Returns(y) Average Returns(Y) (x-X) (y-Y) (x-X)*(y-Y)

1 24.36 9.79 1.95 4.47 14.6 -2.52 -36.7164

2 0.3 9.79 2.96 4.47 -9.49 -1.51 14.3299

3 10.35 9.79 6.73 4.47 0.56 2.26 1.2656

4 8.57 9.79 1.69 4.47 -1.22 -2.78 3.3916

5 5.38 9.79 9.05 4.47 -4.41 4.58 -20.1978

-37.9271
 Formulas & Calculations
 Co variance Of AB =
= -37.9271/5
= -7.58

 Correlation Coefficient of AB =

= -7.58/(8.04)(2.91)
= -0.32
 Interpretation

 From the above calculation of covariance and correlation

coefficient of AB from the company TCS & MARUTI the
covariance of AB -7.58 and correlation coefficient of AB is
0.32
 CORRELATION &COVARIANCE OF APOLLO HOSPITALS &
ICICI BANK :

S no Returns (x) Average Returns (X) Returns (y) Average Returns (Y) (x-X) (y-Y) (x-X)*(y-Y)

1 6.74 7.02 4.02 8.67 -0.28 -4.65 1.302

2 7.33 7.02 13.63 8.67 0.31 4.96 1.5376

3 4.84 7.02 19.12 8.67 -2.18 10.45 -22.781

4 9.85 7.02 4.11 8.67 2.83 -4.56 -12.9048

5 6.36 7.02 2.48 8.67 -0.66 -6.19 4.0854

-28.7608
 Formulas & Calculations
 Co Variance Of AB =
= -28.7608/5
= -5.75

 Co relation Co Efficient Of AB =

= -5.75/ (7.65)(6.55)
= -0.11
 Interpretation

• From the above calculation of covariance and correlation

coefficient of AB from the company APOLLO HOSPITAL &
ICICI BANK the covariance of AB is -5.75 and correlation
coefficient of AB is -0.11
 CORRELATION & COVARIANCE OF APOLLO HOSPITAL &
MARUTI SUZUKI :

S no Returns (x) Average Returns (X) Returns (y) Average Returns (Y) (x-X) (y-Y) (x-X)*(y-Y)

1 6.74 7.02 1.95 4.47 -0.28 -2.52 0.7056

2 7.33 7.02 2.96 4.47 0.31 -1.51 -0.4681

3 4.84 7.02 6.73 4.47 -2.18 2.26 -4.9268

4 9.85 7.02 1.69 4.47 2.83 -2.78 -7.8674

5 6.36 7.02 9.05 4.47 -0.66 4.58 -3.0228

-15.5795
 Formulas & Calculations
 Co Variance Of AB =
= -15.5795/5
= -3.11

 Co relation Of AB =

= -3.11\(7.65)(2.91)
= -0.13
 Interpretation

 From the above calculation of covariance and correlation

coefficient of AB from the company APOLLO HOSPITAL &
MARUTI SUZUKI the covariance of AB is -3.11 and
correlation coefficient of AB is -0.13.
CORRELATION & COVARIANCE OF APOLLO HOSPITAL &
RELIANCE :

S no Returns (x) Average Returns (X) Returns (y) Average Returns (Y) (x-X) (y-Y) (x-X)*(y-Y)

1 6.74 7.02 7.91 11.94 -0.28 -4.03 1.1284

2 7.33 7.02 10.2 11.94 0.31 -1.74 -0.5394

3 4.84 7.02 30.69 11.94 -2.18 18.75 -40.875

4 9.85 7.02 5.07 11.94 2.83 -6.87 -19.4421

5 6.36 7.02 5.84 11.94 -0.66 -6.1 4.026

-55.7021
 Formulas & Calculations
 Co variance of AB =
= -55.7021/5
= -11.14

Correlation Of AB =

= -11.14/(7.65)(9.54)
= -0.15
 Interpretation

 From the above calculation of covariance and correlation

coefficient of AB from the company APOLLO HOSPITAL &
RELIANCE the covariance of AB is -11.14 and correlation
coefficient of AB is -0.15.
CORRELATION & COVARIANCE OF ICICI BANK & MARUTI
SUZUKI :

S no Returns(x) Average Returns (X) Returns (y) Average Returns (Y) (x-X) (y-Y) (x-X)*(y-Y)

1 4.02 8.67 1.95 4.47 -4.65 -2.52 11.718

2 13.63 8.67 2.96 4.47 4.96 -1.51 -7.4896

3 19.12 8.67 6.73 4.47 10.45 2.26 23.617

4 4.11 8.67 1.69 4.47 -4.56 -2.78 12.6768

5 2.48 8.67 9.05 4.47 -6.19 4.58 -28.3502

12.172
 Formulas & Calculations
 Co Variance Of AB =

= 12.172/5
= 2.43

 Correlation Coefficient Of AB =

= 2.43/(6.55)(2.91)
= 0.12
 Interpretation

 From the above calculation of covariance and correlation

coefficient of AB from the company ICICI BANK &
MARUTI the covariance of AB is 2.43 and correlation
coefficient of AB is 0.12
 CORRELATION & COVARIANCE OF ICICI BANK &
RELIANCE :

S no Returns (x) Average Returns (X) Returns (y) Average Returns (Y) (x-X) (y-Y) (x-X)*(y-Y)

1 4.02 8.67 7.91 11.94 -4.65 -4.03 18.7395

2 13.63 8.67 10.2 11.94 4.96 -1.74 -8.6304

3 19.12 8.67 30.69 11.94 10.45 18.75 195.9375

4 4.11 8.67 5.07 11.94 -4.56 -6.87 31.3272

5 2.48 8.67 5.84 11.94 -6.19 -6.1 37.759

275.1328
 Formulas & Calculations
 Co Variance Of AB =

= 275.1328/5
= 55.02

Correlation Coefficient Of AB =

= 55.02/( 6.55)(9.54)
= 0.88
 Interpretation

 From the above calculation of covariance and correlation

coefficient of AB from the company ICICI BANK &
RELIANCE the covariance of AB is 55.02 and correlation
coefficient of AB is 0.88
 CORRELATION & COVARIANCE OF MARUTI SUZUKI &
RELIANCE :

S no Returns (x) Average Returns (X) Returns (y) Average Returns (Y) (x-X) (y-Y) (x-X)*(y-Y)

1 1.95 4.47 7.91 11.94 -2.52 -4.03 10.1556

2 2.96 4.47 10.2 11.94 -1.51 -1.74 2.6274

3 6.73 4.47 30.69 11.94 2.26 18.75 42.375

4 1.69 4.47 5.07 11.94 -2.78 -6.87 19.0986

5 9.05 4.47 5.84 11.94 4.58 -6.1 -27.938

46.3186
 Formulas & Calculations
 Covariance Of AB =
= 46.3186/5
= 9.26

 Correlation Coefficient Of AB =

= 9.26/(2.91)(9.54)
= 0.33
 Interpretation

 From the above calculation of covariance and correlation

coefficient of AB from the company MARUTI SUZUKI &
RELIANCE the covariance of AB is 9.26 and correlation
coefficient of AB is 0.33
ANOVA ANALYSIS
&
INTERPRETATION
ANOVA ANALYSIS :

NAME OF THE COMPANY AVERAGE RETURNS STANDARD DEVIATION (RISK)

TCS 9.79 8.04

APOLLO HOSPITAL 7.89 7.65

ICICI BANK 8.67 6.55

MARUTI 4.47 2.91

RELIANCE 11.94 9.54

 ANOVA ANALYSIS RESULT :

SUMMARY Count Sum Average Variance

TCS 2 17.83 8.915 1.53125

APOLLO HOSPITAL 2 15.54 7.77 0.0288

ICICI BANK 2 15.22 7.61 2.2472

MARUTI 2 7.38 3.69 1.2168

RELIANCE 2 21.48 10.74 2.88

AVERAGE RETURNS 5 42.76 8.552 7.53152

STANDARD DEVIATION
(RISK) 5 34.69 6.938 6.21677
 ANOVA ANALYSIS RESULT:

ANOVA

Source of Variation SS df MS F P-value F crit

38.51907 0.001888 6.388232

Rows 53.6016 4 13.4004 212 508525 909

18.71996 0.012382 7.708647

Columns 6.51249 1 6.51249 896 2591 384

Error 1.39156 4 0.34789

Total 61.50565 9
 Interpretation

 From the above calculation of two way ANOVA we can interpret

that F value(38.51)is greater than F critical value(6.38) .

 So we can conclude that null hypothesis(h0) is accepted and

alternative hypothesis (h1) is rejected .

 We can also conclude that there is no significance difference

between the risk and returns among different industries.
 Findings

 The above table of TCS Company it shows that average return

is 9.79 Native, where as variance is 64.71 and Standard
Deviation is 8.04

 The above table of APOLLO HOSPITAL it shows that

average return is 7.89 Native, where as variance 2.67 and
Standard Deviation is 7.65
 Findings
 The above table of ICICI BANK it shows that average return
is 8.67 Native, where as variance is 42.90 and Standard
Derivation is 6.55

 The above table of MARUTI SUZUKI it shows that average

returns is 4.47 Native, where as variance is and Standard
Derivation is 2.91
 Findings
 The above table of RELIANCE COMPANY it shows that average
returns is 11.94 Native, where as variance is 91.04 and Standard
Derivation is 9.54

 From the above analysis we can also conclude that risk and return
of different industries is calculated and also we interpreted that
which company is producing the high returns and which company
is producing the lower returns .
 Findings

 From the above analysis we also calculated that which stock is

having high risk and which stock is generating the lower risk
the decision is also interpreted.
 From the above analysis we can also conclude that the
combination of two stocks which has generated the positive
correlation can be interpreted that two stocks will be generating
high returns along with high risk , so the investor who is willing
to take more risk along with the return generated by the stocks
can prefer this .
 Findings
 From the above analysis we can also conclude that the
combination of two stocks which has generated the negative
correlation can be interpreted that two stocks will be
generating low returns along with low risk , so the investor
who is willing to take less risk along with the less return
generated by the stocks can prefer this .
 Suggestions
 After collecting the data of five different stocks we can
suggest that the individual who is willing to enter the stock
market by making investment can do so according to his level
of income and preference of stocks that he will choose to
make investment so that he can generate more returns from it
with less risk.

 With this analysis we can also come to know that which

individual is ready to bear more risk with high returns and
which individual is willing to take low risk even if it generates
the low returns
 Conclusion

 From the above analysis we can conclude by expressing the main

aim of the project as calculating the risk and return of the selected
stocks also by evaluating the performance of by providing the
ranking method as per the risk and return generated by the stocks .
 We can also conclude that it also gives an detail view regarding
the opinion of the investor who is willing to make the investment
in the stock market based on the income level and their
requirements.
THANK YOU